Walters Audio Visual Inc. offers an incentive stock option plan to its regional managers. On January 1, 2021, options were granted for 48 million $1 par common shares. The exercise price is the market price on the grant date$6 per share. Options cannot be exercised prior to January 1, 2024, and expire December 31, 2028. The fair value of the 48 million options, estimated by an appropriate option pricing model, is $2 per option.

On October 1, 2024, ALL of the options were exercised when market price of common shares was $11 per share.

Which of the following will NOT be included in the journal entry to record the exercise on October 1, 2024?